Ask a New Question

Question

At what rate percent does compound interest on a sum of money becomes fourfold in 2 years.
8 years ago

Answers

bobpursley
4=1(1+i)^2

1+i=2
I= 100 percent
8 years ago

Related Questions

How do I find the percent composition of H2O: 20.14grams C2O4: 51.64grams Fe 3+: 11.34grams K... At what rate must $500 be compounded for it to grow to 1079.46 in 10 years? 8 percent? i think A rate of 40 percent could be expressed as 2/5.true or false A compound with a percent composition by mass of 87.5% N and 12.5% H was recently discovered. What i... find the rate of interest compound semi-annually at which birr 2000 will grow to birr 5000 in 9 year... at what rate percent will the interest on rs 2,520 add up to rs 84 in 8 months The rate/distance which a compound moves up a TLC plate is based on differential distribution betwee... What is the percent rate of change in the function y=(1.1)^x? Determine whether the function represe... What is the percent rate of change in function y = (0.99)x? Determine whether the function represent... The tax rate as a percent, r, charged on an item can be determined using the formula StartFraction c...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use